Apparently what i got was a bowling ball of a face. I looked like that character from the third lord of the rings, the the orc thats managing the massive army, as they approach minister really good for my self esteem over here. Anyways lets just jump into it right now, as i want to make no more time should probably let you know about instagram, but i think ive been showing that enough. As of recently ive just been doing some short term updates there, alongside of other stuff as well its in the link in the description below. If you happen to care, anyways started off right in over here with four hour for bitcoin. We do see hidden, bearish ever and its forming. Obviously, this is also consistent, amongst all other time frames below a full hour. In fact, already confirmed on the three hour by hourly, has multiple drives and hourly has like many like four drives right there, so very likely to move perhaps somewhere down around the current lows. Also, this could be interpreted as a rejection on the bounce attempt to the 382, which is where you do kind of expect. Your corrections in line with current trend on you, know strong trending moves. So with that in mind, i want to put things into context uh right here, as it is still game of range resolution. So you know, as long as bitcoin is below that 382, obviously not looking for any sort of nice leg to the upside, but if it does start to close, even you know, uh by hourly its above about 30 to 250 or so its the same level.

As yesterday, basically, then i would be looking for an assault at least around the 0.5, perhaps even as high as the 618. But again i want to reiterate my stance that as long as bitcoins below the 61.8 right here, which is about 25 500 on any sort of even a medium time frame closure, let alone a higher term time from close closing basis. Pressure remains to the downside and you know well, i think, thats a bit of a sombring detail anyways as we go check out still cast momentum. I believe we also do see some pivots at about twenty thousand. Six hundred on the four hour three hour is going to be showing what is going to be showing uh 21 to 130 and hourly is going to be showing actually downside below 22 500.. So when i see something like this bifurcation between all of the lower term timeframes, as you can see between the four three and one um, you know its kind of like its kind of like pedaling on a bike, but youre not really getting anywhere. So in this case, i am looking at this as a corrective signal and very likely to re test, perhaps somewhere down around our current lows. The question is, though, does bitcoin have enough enough momentum to actually break our current lows, and if it does, how deep would we kind of expect it to reasonably go well to put that into context full hour bbwp? You know its coming off at extremes right here, and this is you know, and this is a corrective signal uh as of right now.

So while i do think that bitcoin, you know, could very easily re test somewhere around our current lows, i wouldnt be looking for like a major massive continuation move unless we quite literally come back down below this spike here whoops. Let me just its like actually kind of difficult to see, but if we do come back down that spike, which i believe was right around the fomc meeting right here anywhere below there, twenty thousand one. Ninety on the exchange that im looking at, which is uh, which is buybit um, then yes, i would be looking for the next leg down very likely somewhere around about nineteen thousand to eighteen and a half thousand bucks um and then wed wan na come back to It after that, in fact, that would be a good time for me to do a bit of an instagram update, because itll just be nice and easy to do right there, but heres the thing i wan na jump back on this chart over here cause this one Has just been so damn consistent and so damn important and as we follow up on it, i think it really helps put the full picture into consideration. So this is the daily bbwp um versus stochastic momentum chart. Obviously bbwp is a volatility indicator measuring the dispersion of returns and any time that we have seen it get below. 10 percent of the expansion phase from there has led to an average move about 23 spot six.

Three percent um done over the course of just over 13 days and the stochastic uh momentum. Oscillator has gone in the correct direction. Well, now, better than 35 of the time, because obviously this last one worked as well anyways in this case a few things of interest right here, one the average move, weve, obviously, uh played out on the higher end of that, because the 23 spot 63 percent move Would have brought bitcoin down about 23 000 bucks um, obviously were getting closer to like a, i think, like a 35 or 40 move of which you know, we do see a lot of variance in these past iterations from this signal. So if we are going to put that into context and say, like you know, if were going to, if were going to look at that as one of the higher ends of those signals lets say about 40, where would that put bitcoin? You know its like a general guide as to you know, perhaps how far we might see on this current move and yeah that put bitcoin at about 19 000 bucks, so 18 and a half to 19 000 is kind of where i would be looking for, but Only on a move lower, basically than yesterdays low. I know thats not too helpful in this case, but we are at extremes here. So its kind of difficult to call like major continuation, but a few things to be interested in are next the daily bbwp itself, because we are quite literally at 100 percentile right now.

It literally cannot go higher, but it can stay like this for a little bit of time, similar to how we have seen in the past. I believe yeah over here actually a couple times over here and because we did base out in that very extreme lows for such a long time, comparable only in recent memory to like yeah july over here, which was like the last major massive breakout in that case. To the upside, you know we do kind of expect it to base at the top. You know for a little bit longer and i wouldnt really call the next corrective move at least a consolidation. You know bounce implied, maybe reversal, but at least consolidation until we do see the bbwp itself get below the moving average, which, as you can see, is you know quite far away from it right now, so very likely. You know at least until end of this week. Maybe even opening up until next week well still be seeing it something like that, and to put it one step further. As long as the daily stochastic monitor is angled to the downside, pressure does remain to the downside, so that pivot has now moved down to 25. 740 um that is basically around the 618 retracement that we looked at earlier uh for the shorter term time frame, so that is to say as long as bitcoins below there you know basically barring any sort of heroic balance by end of day you know, pressure does Remain lower and as long as this condition is met, i suppose that yeah we could see that next leg down um in the short term between now and perhaps perhaps friday, there anyways.

What i also wanted to mention is the average day. So this move, um technically started, lets, say yeah about the 6th of june 6th 7th of june. So, if were looking at the average days as a governor as to kind of when to expect the move to come to a bit of an end, not necessarily to say that its never going to go lower ever again, just a nice consultation before likely the next Leg, um, if anything well, that would put us at pretty much very close to right now, right so 13 days, plus 6 is going to be 19 right, so were on the 16th. I literally cant even see the calendar. Is it 16? I think were on the 16th day of this month, whatever it is, its close, its really really close. So what im trying to say is is that, if were using this as a governor, its reasonable to say that you know timing wise were getting there so that obviously wouldnt be tomorrow. If it is the 16th uh that would be maybe more around monday, perhaps so, thats also a consideration id be having right here, and on top of that there was maybe one other thing that i wanted to say um. No. Actually, i think i said it. In fact, right there so yeah its kind of wrapping it up. You know in the short term, timeframes, hidden, bearish event, as momentum, also just you know, uh seemingly uh, starting to turn down yet again.

I would still be looking at this as a range resolution. So if you do get something resembling a bit of a short term trap where you know bitcoin pops down here, but doesnt take out yesterdays low, meaning trade below it and then pops back above. Basically, this mornings highs and even closes. You know, maybe even an hourly id feel a lot more comfortable with a full hour. Then i would be looking for a bitcoin amount in assault, at least into the mid 24s – maybe even 25 000 bucks, but really nothing on the higher term timeframes changes until uh bitcoins back above here and even then you know theres well, theres a lot more things Kind of fraught with peril, but uh but hey if you do see something like this, that would be a good short term reversal and wed probably be in for a bit a bit of sideways, and you could say that the move um on the higher term time Is probably done for now before before another consolidation anyways other than that um? How deep into this video are. We were like eight minutes in this video yeah. I this is like going to be the one time, the one time that i actually go ahead and chill in exchange because ive been or i am working with. Bitget now uh, mostly because theyve offered me for full disclosure a massive deal and then, on top of that, theyve also offered a massive deal for the community as well, which um which they were.

You know which they were like cool to broker with. So that was actually really really nice anyways um. There is a link in the description below for bitget, its usa friendly, which i also like, and they will give a 10 deposit bonus, actually um, plus 15 reduced trading fees. So i think that thats, honestly, like the best deal kind of going out right now, and also what i, what i quite like about uh bitget, is that they have um whats. It called they have better liquidity than buy bit actually for the tether margin futures, which is what you know. What i think is the most logical one to be trading, especially when the market is. You know down not necessarily when the market is up, but when the markets down, you know, probably want to do things until theyre uh, you know, so you can. Actually, you know save your stack if you will anyways other than that um. You know ill, probably make a few videos on them in the coming future. Uh. So do keep an eye out for that. But again, you dont understand that im showing exchange here so thats going to you know, go over probably some people, but i think that you know if youre going to use an exchange if youre going to trade like you, obviously have to use one. This seems to be, at least in my opinion, the best option as of right now, so hopefully that was helpful ill be signing off right now.

I guess we dont really check out funny race, but there aint too much over there, not nor the open interest. So yeah, i think ill leave it off right there uh perhaps ill.

https://www.youtube.com/watch?v=Lr3pQO-t0FU